Posted by Less99 on May 12, 2014 at 17:24:42:
In Reply to: New book from Geithner posted by LLT on May 12, 2014 at 11:43:47:
: This week, Tim Geithner is coming out with a new "tell all" book about the financial crisis. Titled "Stress Test: Reflections on Financial Crises," it is already getting some pushback. Can't wait to read it.
Yeah, Geithner is clearly one of "All the Presidents Bankers" (important book by Nomi Prins), a member of the Hidden Alliance that Drives American Power. He is an elitist who believes the rich and powerful who go to Harvard and Yale SHOULD be in charge of everything. He worked for both Bush and Obama which should tell you something about how these things work. By the way, in 2007, both he and Treasury Secretary Hank Paulson (the former Goldman Sachs CEO) stated that derivatives were traded among very sophisticated financial institutions who thoroughly understood them and would and use them properly. Therefore, they did not need to be regulated.
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